Mphasis, an AI-led platform driven technology solutions provider, on Wednesday (April 22, 2026) announced its acquisition of Theory and Practice Business Intelligence Inc, (TAP) a Canadian technology company that developed Continuum AI, a decision Intelligence platform, that combines AI with behavioral economics to improve business decision-making and understanding buyer behavior.
The acquisition has an upfront consideration of CAD 10 million at closing, with management milestone-based, multi-year contingent consideration of up to CAD 20 million, said Mphasis in a media statement.
Through this acquisition, Mphasis and TAP would combine elements required to drive enterprise business outcomes using AI at scale, it said.